Applications for home mortgages retreated last week, giving back some of the previous week's surge as interest rates rose, an industry group said on Wednesday.
President Barack Obama delivered a State of the Union address last night that was heavy on populist themes, highlighting successes from his first three years in office and outlining his goals for the year ahead.
Even before U.S. President Barack Obama made his State of the Union speech on Tuesday, Republican presidential hopeful Mitt Romney released a pre-buttal to his speech, warning the President would use the platform to divide the nation with a biased speech targeting the general elections. As it turned out, Obama did use the platform to deliver a speech aimed at November's general elections and although he never singled out or named his Republican opponents, he did take several jabs at M...
A group of consumer advocates, academics and economists want to end too-big-to-fail banks, starting with Bank of America Corp.
Indiana Gov. Mitch Daniels will be responding to President Obama's State of the Union Address on behalf of the Republican Party.
Looks like the South Carolina Republican verdict has taught some good lessons to Mitt Romney. The NBC-Florida debate saw a different version of Romney, who was at his aggressive best.
Mitt Romney was desperate for a strong debate performance in Florida's Republican debate Monday night to restore momentum for his campaign, and delivered repeated sharp attacks on rising rival Newt Gingrich.
In an attempt to deflect attention over his involvement with Freddie Mac, Republican presidential candidate Newt Gingrich's former consulting firm on Monday released a contract he had with the troubled mortgage firm.
The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the two mortgage firms to write down loan principal would require more than $100 billion in fresh taxpayer funds.
As state and federal officials near a deal with top banks to settle claims of foreclosure abuses, left-leaning activist groups have stepped up pressure on the officials to reach a deal that demands more from the banks.
PETA, the animal rights group, is seeking to obtain O.J. Simpson's Florida home from JPMorgan Chase for a Meat is Murder museum.
U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department's criminal division, were partners for years at a Washington law firm that represented a Who's Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.
Canada's moment in the sun as the fastest-growing economy in the G7 club of rich countries is set to end this year, when it will likely underperform the U. S. for the first time in seven years and struggle with a mounting household debt problem.
U.S. 30-year fixed-rate mortgage rates fell to 3.88 percent in the week ending Jan. 19, according to Freddie Mac.
Former football star and actor O.J. Simpson is facing foreclosure.
Bank of America (NYSE:BAC), the second-biggest U.S. bank by assets, is expected to post a modest profit gain in the fourth quarter as cost-cutting offsets declining revenue from trading, retail and mortgage divisions.
Housing and Urban Development Secretary Shaun Donovan on Wednesday said about one million borrowers are expected to benefit from principal reductions on their mortgages as part of a wide-ranging settlement with banks over dubious foreclosure practices.
U.S. mortgage applications increased 23.1 percent in the week ending Jan. 13, according to the Mortgage Bankers Association.
Applications for home mortgages surged more than 20 percent last week, fueled by a wave of refinancing demand as interest rates dropped, an industry group said on Wednesday.
O. J. Simpson, the former football star who gained notoriety during a 1995 murder trial, is facing foreclosure on his Florida home.
The National Federation of Independent Business is challenging President Barack Obama's controversial recess appointments to the National Labor Relations Board.
China's fledgling real estate investment fund market could see a surge of activity in 2012 as property developers launch their own vehicles in a desperate bid to bridge an estimated $111 billion financing gap in the year ahead.
